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Home My WebLink About09 04 2018 2019-2023 CIP PresentationSeptember 4, 2018 Goal Area and Objective: High-Value City Services 2. Design a Comprehensive Funding Strategy for Capital Needs 1 The purpose of this meeting is to finalize the 2019-2023 Capital Improvement Program (CIP). Workshop Purpose 2 April 2:Long-Range Planning Workshop June 18:Capital Plans Review I July 16:Capital Plans Review II August 6:Public Hearing and Adopt 2019-2023 CIP Sept 4:Capital Plans Review 2019 CIP Reduction in funding of long-term plans: Trail Replacement -$50k reduction Equipment Replacement -$25k reduction 2019 Technology Expenditures-Use of Reserves: Phone System –$70k Website Redesign –$45k Shifted several CIP facility replacement expenditures between years. ◦Maintenance Center Parking Lot expenditures of $150k shifted from 2021 to 2026 ◦Related Bonding shifts from 2021 to 2026. ◦Reduces annual debt service by $20k until purchase is financed with debt, potentially in 2026. Eliminated contingency funding for EAB for 2020-2023 which reduces projected tax levy Police officer add moved to 1/1/2019 start date -$40k Additional use of reserves of $91,800 ◦Phone system +$5k ◦Website redesign +$45k ◦Salt + $22.6k ◦Fuel +$19.2k 2020 2021 2022 2023 EAB Contingency 87,500 77,500 155,000 150,000 CITY OF PRIOR LAKE PROPERTY TAX PROJECTION SUMMARY Council Workshop 9.4.2018 Proposed Budget 2019 2020 2021 2022 2023 Tax Levies: General 8,274,627 8,730,244 9,178,076 9,667,737 10,217,003 Equipment Revolving Fund 575,000 600,000 600,000 600,000 600,000 Revolving Park Equip Fund 289,292 383,276 477,649 582,832 853,913 Facilities Management Fund - 30,000 80,000 80,000 105,000 PIR Fund 95,000 175,000 175,000 185,000 185,000 EDA Fund 140,000 140,000 140,000 140,000 140,000 Debt Service 3,497,188 3,594,294 3,926,327 4,238,631 4,382,052 12,871,107 13,652,814 14,577,052 15,494,200 16,482,968 Breakdown of Change in Levies: General 495,445 455,617 447,832 489,661 549,266 Equipment Revolving Fund 25,000 25,000 - - - Revolving Park Equip Fund 51,108 93,984 94,373 105,183 274,981 Facilities Management Fund - 30,000 50,000 - 25,000 PIR Fund 95,000 80,000 - 10,000 - EDA Fund - - - - - Debt 127,016 97,107 332,032 312,305 143,421 Total Change 793,569 781,708 924,237 917,149 992,668 General 6.37%5.51%5.13%5.34%5.68% Equipment Revolving Fund 4.55%4.35%0.00%0.00%0.00% Revolving Park Equip Fund 21.46%32.49%24.62%22.02%47.18% Facilities Management Fund n/a n/a 166.67%0.00%31.25% PIR Fund n/a 84.21%0.00%5.71%0.00% EDA Fund 0.00%0.00%0.00%0.00%0.00% Debt 3.77%2.78%9.24%7.95%3.38% Total Change 6.57%6.07%6.77%6.29%6.41% Equipment: 2019 - Water Tanker 325,000 2021 - Fire Truck 725,000 Facilities: 2021 - City Hall Carpet, Wall Coverings, HVAC & Misc.304,000 2021 - Police Carpet, Wall Coverings, HVAC & Misc.168,000 2021- Maintenance Ctr Crane & Misc.149,000 621,000 Transportation Projects: CSAH 42 (CR83 to CR17)- Hidden Oaks/Timberview/Timber (1986)747,300 Millers/Omega/Glory (1982)413,400 Fish Point Road (CR 44 to TH 13)1,096,000 Colorado Street (Arcadia to Main)166,140 Colorado Street Parking Lot 138,000 2020 Project Totals 2,560,840 Northwood Road (Fremont to Knollridge) (1994)658,560 Northwood Road (Knollridge to CSAH 12) (1994)1,611,456 Knollridge/Hawk Ridge/Viewcrest (1998) Lake Haven 207,200 Frost Point Circle (1974)305,760 2022 Project Totals 2,782,976 2019 2020 2021 2022 2023 Transportation Plan 1,572,000 2,560,840 1,475,860 2,782,976 1,423,620 Equip Rplc Plan 325,000 725,000 . FMP - 450,000 2019: Water Tanker (Fire) -$325k 9 Ton Dump Truck (Public Works) -$225k Tractor (Parks) -$124k 2020-2023: 2020: 9 Ton Dump Truck (Parks) -$232k 2021: Pumper Truck (Fire) -$725k 2021: Loader (Public Works) -$234k 2022: Truck –Boom (Parks) -$106k 2022: Tractor (Parks) -$122k 2023: Sidewalk Machine (Parks) –$155k 9 2019-2023 Vehicles and Equipment 2019: Fire Station #1 Tile walls/Misc. -$19k Library/Club Prior Irrigation system and tile walls -$22k 2021: Carpet, Wall Covering & HVAC City Hall/Police Station $304k/$168k respectively Maintenance Center Crane -$149k 2022: Fire Station #1 Hoist/Crane -$49k Fires Station #1 Epoxy Flooring -$65k 2023: Water Treatment Facility Ventilators, Carpet, HVAC -$139k Fire Station #2 Air Monitoring equip., Carpet, HVAC -$40k Fire Station #1 Irrigation system -$12k 10 2019-2023 Facilities Management Plan Resident impact of City tax levy 11 Average Valued Home -$338,100 % Net Net Net of Payable Inc/Dec Difference Inc/Dec Total 2019 18 vs 19 % Change +15.01+%1,513 17%1,313.38$ 195.40$ 17.9% +10.01-15.00%1,121 12%1,282.13$ 164.15$ 15.0% +5.01-10.00%1,594 18%1,219.64$ 101.65$ 9.3% +0.01-5.00%1,897 21%1,157.14$ 39.16$ 3.6% No Change 21 0%1,125.89$ 7.91$ 0.7% -0.01-5.00%1,469 16%1,094.65$ (23.33)$ -2.1% -5.01 - 10.00%808 9%1,032.15$ (85.83)$ -7.8% -10.00 - 15.00%363 4%969.66$ (148.32)$ -13.6% -15.01% +195 2%938.41$ (179.57)$ -16.4% 8,981 100% % EMV Value Range # of affected Properties AVG MV- $338,100 % Net Net Net of Payable Inc/Dec Difference Inc/Dec Total 2019 18 vs 19 % Change +15.01+%1,513 17%1,313.38$ 195.40$ 17.9% +10.01-15.00%1,121 12%1,282.13$ 164.15$ 15.0% +5.01-10.00%1,594 18%1,219.64$ 101.65$ 9.3% +0.01-5.00%1,897 21%1,157.14$ 39.16$ 3.6% No Change 21 0%1,125.89$ 7.91$ 0.7% -0.01-5.00%1,469 16%1,094.65$ (23.33)$ -2.1% -5.01 - 10.00%808 9%1,032.15$ (85.83)$ -7.8% -10.00 - 15.00%363 4%969.66$ (148.32)$ -13.6% -15.01% +195 2%938.41$ (179.57)$ -16.4% 8,981 100% % EMV Value Range # of affected Properties AVG MV- $338,100 Resident impact of City tax levy 12 $600,000 Home % Net Net Net of Payable Inc/Dec Difference Inc/Dec Total 2019 18 vs 19 % Change +15.01+%1,513 17%2,502.18$ 395.65$ 19.2% +10.01-15.00%1,121 12%2,438.73$ 332.20$ 16.1% +5.01-10.00%1,594 18%2,311.85$ 205.32$ 9.9% +0.01-5.00%1,897 21%2,184.96$ 78.43$ 3.8% No Change 21 0%2,121.52$ 14.99$ 0.7% -0.01-5.00%1,469 16%2,058.08$ (48.45)$ -2.3% -5.01 - 10.00%808 9%1,931.19$ (175.34)$ -8.5% -10.00 - 15.00%363 4%1,804.31$ (302.23)$ -14.6% -15.01% +195 2%1,740.86$ (365.67)$ -17.7% 8,981 100% % EMV Value Range # of affected Properties $600,000 HOME Resident impact of City tax levy 13 $900,000 Home % Net Net Net of Payable Inc/Dec Difference Inc/Dec Total 2019 18 vs 19 % Change +15.01+%1,513 17%3,961.36$ 595.06$ 18.0% +10.01-15.00%1,121 12%3,866.20$ 499.90$ 15.1% +5.01-10.00%1,594 18%3,675.87$ 309.57$ 9.4% +0.01-5.00%1,897 21%3,485.54$ 119.24$ 3.6% No Change 21 0%3,390.37$ 24.08$ 0.7% -0.01-5.00%1,469 16%3,295.21$ (71.08)$ -2.2% -5.01 - 10.00%808 9%3,104.88$ (261.41)$ -7.9% -10.00 - 15.00%363 4%2,914.55$ (451.74)$ -13.7% -15.01% +195 2%2,819.39$ (546.91)$ -16.6% 8,981 100% % EMV Value Range # of affected Properties $900,000 HOME Recognizing that the tax impact on 53% of households is at 3.6% or less, is the Council comfortable with the CIP/Budget as presented? If not, are you comfortable with presenting the info “as is” for the preliminary budget and tax levy? Council Discussion 14